Town Budget and Town Meeting

Excess Levy Capacity

The Town of Andover has a $1.5M excess levy capacity. This means they can increase the school budget without an "override." 

This is highly regulated by the state and you can find more information here.

Free Cash

The Commonwealth’s Division of Local Services recommends that municipalities keep 3-5% available in free cash. Andover has $5-9M more than that recommendation sitting in free cash reserves.

Andover has $15M in free cash.

Tax Surplus

Every year, the Town of Andover collects millions more dollars than it budgets. These revenues are eventually put into free cash. 

State Aid

The Commonwealth through "Chapter 70" has increased resources that have come to Andover. 

In fiscal year 2024, Andover received $1.8M more. 

Articles and Other Resources